Imperial Oil (TSE:IMO) PT Raised to C$120.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its target price increased by equities research analysts at BMO Capital Markets from C$115.00 to C$120.00 in a research note issued on Friday, BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 14.51% from the stock’s current price.

Several other equities research analysts have also issued reports on the company. National Bankshares decreased their target price on Imperial Oil from C$115.00 to C$112.00 in a research report on Friday, September 27th. Royal Bank of Canada dropped their price target on shares of Imperial Oil from C$108.00 to C$99.00 in a research note on Tuesday, September 17th. Scotiabank lowered shares of Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 target price for the company. in a research report on Wednesday, September 25th. TD Securities lifted their price target on shares of Imperial Oil from C$91.00 to C$92.00 and gave the company a “hold” rating in a report on Thursday, August 8th. Finally, Desjardins lifted their price objective on shares of Imperial Oil from C$92.00 to C$101.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Ten research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$99.46.

Imperial Oil Stock Up 1.5 %

Shares of Imperial Oil stock opened at C$104.79 on Friday. The business’s 50 day simple moving average is C$97.62 and its 200 day simple moving average is C$95.39. The firm has a market cap of C$56.15 billion, a PE ratio of 10.98, a P/E/G ratio of 0.21 and a beta of 1.80. The company has a debt-to-equity ratio of 18.27, a quick ratio of 0.98 and a current ratio of 1.40. Imperial Oil has a 52-week low of C$72.03 and a 52-week high of C$106.09.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its earnings results on Friday, August 2nd. The company reported C$2.11 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.94 by C$0.17. Imperial Oil had a return on equity of 22.17% and a net margin of 10.09%. The firm had revenue of C$13.38 billion for the quarter, compared to the consensus estimate of C$14.30 billion. On average, analysts predict that Imperial Oil will post 7.6458814 earnings per share for the current fiscal year.

About Imperial Oil

Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.